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Re: BFL Power efficiency argument fallacy
by
punningclan
on 23/11/2012, 18:48:24 UTC
Who would lose if Bitcoin went to $100 today?
Why nickel and dime the miners who are the machine or detract from the immense power and possible impact of this protocol and system. Perhaps miners will have to wait until a government crackdown before they can reach anything like the profitability of the early adopters since their increased risk will mandate higher prices?

Many miners are selling at near cost into an ecosystem that's using them to propel impossible industries, this must be a godsend for the up and coming Bit Barons. Hopefully the miners selling out will wise up.

If mining is a marginal industry then Bitcoin is, and always will be, marginal. Huh